beppi wrote:Sorry, nobody on a Singapore forum will be able to tell you the legal situation and available banking services/regulations in the country where your business is registered, even if we knew the name of that country!
If you conduct business in Singapore, you have to register it here. Then you can open a bank account for it.
Have you read this linkthe19trier wrote:Bep, thank you. The firm is registered in SG, and its business is abroad. I edited my post again to make it clear.
beppi wrote:Sorry, nobody on a Singapore forum will be able to tell you the legal situation and available banking services/regulations in the country where your business is registered, even if we knew the name of that country!
If you conduct business in Singapore, you have to register it here. Then you can open a bank account for it.
There is no prohibition against using your personal account but it would be an accounting nightmare and it is unlikely you could ever get a set of audited books.the19trier wrote:My firm is an LLP registered in SG, and its business is entirely oversea. I need to receive payment from oversea companies and pay oversea companies/people for their service. Can the payments go through my personal bank account in Singapore or I need to set up a company account for some parts of the payments?
And what is the easiest approach to transfer money from Singapore to other countries?
Thank you.
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